USD/CZK may rise 90 - 129 pips

Our pivot point stands at 22.337.

Our preference

Rebound.

Alternative scenario

Below 22.337, expect 22.271 and 22.232.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (22.376) but under its 50 period moving average (22.427).

Supports and resistances

22.605 **

22.565 *

22.526 **

22.487

22.397 last

22.363

22.337 **

22.271 *

22.232 **

Number of asterisks represents the strength of support and resistance levels.